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Omkeshwar Singh

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Answered on Dec 07, 2022

I have been investing in the below mentioned MF SIP schemes my goal is to have 1CR by the time i am 50 yrs my doubts are:  1. Is the below MF enough or is it too much? If i have to close some funds which ones to close?  2. I have a housing loan of 65 lakh can i use the MF investment to clear the same? My MFs are as below:  HOLDINGS AS ON 1st November 2022 Scheme Name Invested Value Current Value Returns XIRR HDFC Retirement Savings Fund Equity Plan Direct Growth 14999.24 16559.71 1560.477307 16.43% UTI Long Term Equity Fund Direct Growth 19498.88 20326.63 827.7535724 7.16% Parag Parikh Flexi Cap Fund Direct Growth 14999.2 15473.93 474.7245131 4.92% Motilal Oswal Asset Allocation Passive FoF Aggressive Direct Growth 999.95 1052.04 52.0888116 4.48% IDFC Tax Advantage (ELSS) Direct Plan Growth 13999.37 15039.63 1040.257178 12.98% Kotak Bluechip Fund Direct Growth 19499.65 20814.18 1314.536521 11.31% Canara Robeco Equity Tax Saver Direct Growth 13999.17 14879.03 879.8574 10.95% Kotak Tax Saver Fund Direct Growth 27998.71 30544.75 2546.042107 15.29% Aditya Birla Sun Life Corporate Bond Fund Direct Growth 32498.55 33342.47 843.9236482 4.44% Mirae Asset Tax Saver Fund Direct Growth 29998.51 31241.27 1242.76146 6.81% Canara Robeco Equity Hybrid Fund Direct Growth 13998.83 14727.89 729.06493 9.12% Kotak Multicap Fund Direct Growth 12999.35 14462.41 1463.060518 19.21% SBI Balanced Advantage Fund Direct Growth 20999.01 22217.09 1218.079844 9.96% UTI Flexi Cap Fund Direct Growth 32498.81 32324.14 -174.6719205 -0.87% SBI Multi Asset Allocation Fund Direct Growth 27998.57 29453.48 1454.907578 9.19% Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth 11999.4 12200.07 200.666444 3.01%
Ans: Further details required

Present age

Monthly Investment / SIP

There is no need to disclose your folio numbers.


Answered on Dec 07, 2022

I am a working class man and have started SIP in following funds from the last 6 months. Can invest till my retirement i.e. for the next 23 years period. My total monthly SIP is of Rs 22,000, I can increase Rs 500 in each fund (i.e. 15% step up) every year based on my salary. For the next 13-15 years I can take high risk out of 23 years. My other investments are PF (21600(employer) + 21600(employee)) yearly and can start Rs 50,000 yearly in NPS for tax saving. Looking for a combined corpus of 8-10 crore till retirement for my child's education (1 year old) and for my retirement savings, Can I achieve this with my SIP and other investments? Kindly guide /provide your expert opinion whether any of my funds are overlapping or needs to be discontinued or any new funds needs to be added to meet my target corpus. Funds: 1. Mirae Asset Global Electric & Autonomous Vehicles ETFs FundofFund (Direct Growth) - Rs 1,000 -Active 2. canara Robeco Bluechip Equity Fund (Direct Growth-Large Cap) - Rs 3,000 -Active 3. ICICI Prudential US Bluechip Equity Fund (Direct Growth-Sectoral/Thematic) - Rs 3,000 -Active 4. PGIM India Flexi Cap Fund (Direct Growth) - Rs 3,000 -Active 5. PGIM India MidCap Opportunities Fund (Direct Growth) - Rs 3,000 -Active 6. Quant Active Fund (Direct Growth-Multicap) - Rs 3,000 -Active 7. Quant Small Cap Fund (Direct Growth) - Rs 3,000 -Active 8. Quant Tax Plan (Direct Growth-ELSS) - Rs 3,000 -Active 9. Axis Long Term Equity Fund (Direct Growth-ELSS) - Rs 3,000 -Paused 
Ans: Funds are fine, with a monthly investment of 22000 with an annual step up of 15% the corpus that can be created is Rs 10 -12 cr in 23 years.

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